Estimation Engineer
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Key skills for this role
About the Role
Prepare and evaluate vendor quotations, optimize costs, and analyze project complexities while ensuring compliance with design codes and specifications.
Key Skills for This Role
Responsibilities
- Preparation and floating enquiry for bought out items to various vendors and evaluation of their quotes
- Evaluate quotations and get clarifications with respect to project requirements
- Coordination with purchase team for fabrication rates
- Discussion with manufacturing team for evaluating shop man hours
- Discussion with engineering team to arrive at engineering man hours
- Coordination with construction team for evaluation of erection cost and modularization assembly charges
- Analyzing the scope of project and complexity involved for evaluating project and engineering man hours
- Preparation of cost optimization points, take off and add on calculations
- Final preparation of commercial estimates for customers by optimally utilizing resources
- Participation in order transfer meeting during receipt of order
- Preparation of scope (WBS) wise budget and releasing in the system
- Supporting project/procurement team at post order stage for providing budget basis and evaluation of BO items
Requirements
- Knowledge about Oil & Gas products and equipment
- Knowledge about design codes and material specifications such as ASTM, EN, Piping standards
- Ability to review project specifications, P&ID, formulate Bill of Quantity and identify key cost drivers
- Experience in reviewing vendor proposals, technical and commercial clarifications and cost reduction methods
- Understanding of financial instruments and their implication on input cost, project cash flow, and payment terms
- Ability to conduct internal review with engineering regarding optimization of bill of quantity and manufacturing regarding man hour optimization
- Ability to identify risk involved and mitigation process
Full Job Posting
Responsibilities
- Preparation and floating enquiry for Bough out items to various Vendors and evaluation of their quotes.
- Evaluate quotations and getting clarifications with respect to project requirements.
- Coordination with purchase team for fabrication rates.
- Discussion with manufacturing team for evaluating the Shop Man Hours.
- Discussion with engineering team to arrive at engineering man hours.
- Coordination with Construction team for evaluation of erection cost and Modularization assembly charges (For Export bids).
- Analysing the scope of project and complexity involved for evaluating the Project and Engineering Man Hours.
- Preparation of cost optimization points, take off and add on calculations.
- Final Preparation of commercial estimates for customers by optimally utilizing resources at the Head Office and coordinating with various departments.
- Participation in Order Transfer Meeting during receipt of order.
- Preparation of Scope (WBS) Wise Budget and releasing in the system.
- Supporting with Project / Procurement team at post order stage for providing Budget Basis and evaluation of those BO items.
Requirements
- Knowledge about Oil & Gas products and Equipments.
- Knowledge about design codes and material specification such as ASTM, EN, Piping standards.
- Review project specification, P& ID, formulate Bill of Quantity and identify key cost drivers.
- Review of vendor proposals, technical and commercial clarifications and cost reduction methods.
- Financial instruments and its implication on input cost, project cash flow working and payment terms.
- Internal review with engineering regarding optimization of bill of quantity and manufacturing regarding man hour optimization.
- Identify risk involved and mitigation process.
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